Traders in the EURUSD are seeing another break. This one is below a swing level near 1.0723. The price today has also moved from the 50% of the move up from the September 2023 low at 1.09936, to – and through – the 61.8% at 1.0712. The price is now testing the 1.0700 level. The
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EUR/USD daily chart There was a bit of a question mark even with the break of the December low of 1.0723 yesterday. Price action still traded more sideways around 1.0700-20 mostly but are we finally seeing a crack to the downside? The pair is down just slightly to fresh lows of 1.0695 as European traders
Gold prices extended their decline to Wednesday on the uptick in the dollar index (DXY) following a higher-than-expected US inflation numbers which have further dashed hopes of an imminent rate cut by the Federal Reserve. Bullion traded in the red in the opening trade today with MCX April gold futures at Rs 61,422 per 10
Dollar maintains its position as the week’s top performer so far, following notable upside breakouts, while Asian markets remain relatively quiet. Without major economic releases from US today, the greenback could have a breather first. However, attention is set to return later in the week with the release of retail sales and the University of
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, co-founder and chief executive officer of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023. Dustin Chambers | Bloomberg | Getty Images Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued
Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union in London, United Kingdom on January 31, 2024. Future Publishing | Getty Images LONDON — Post-Brexit Britain has “significantly underperformed” other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs, which
Share: As US inflation continued to run hot in January, investors now started to price in a probable interest rate cut by the Federal Reserve in June, while the Greenback navigates yearly highs and US yields trade in multi-week tops across the curve. Here is what you need to know on Wednesday, February 14: The
WTI crude oil futures are settling at $77.87. That’s up $0.95 or 1.24%.The high price today reached $78.47. The low price was at the $76.87. Crude oil is back between the 200 and 100 day MAs now Looking at the daily chart of crude oil, at session highs, the price did extend above its 100-day
The euro’s sharp fall to 1.0705 today is all about the US dollar side of the equation but the domestic reasons for selling Europe continue to mount. A big one is the erosion of the German industrial economy. The combination of high energy prices and the rise of Chinese autos is a massive challenge and
Vienna, Feb 13, 2024 -The OPEC oil cartel said Tuesday it expects robust economic activity in China and air travel to drive strong global demand growth for oil this year. Its outlook contrasts that of the International Energy Agency (IEA), which advises oil-consuming nations, which last month predicted that oil demand growth would halve on
Dollar rises significantly in early US session supported by the latest consumer inflation data, which also triggers a marked in DOW futures, dropping by over -300 points. Concurrently, 10-year Treasury yield is soaring near 4.3% mark. Most critically, the inflation data revealed that core CPI remained unchanged at 3.9% in January. This stagnation in core
In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCeL in London, England, on Nov. 18, 2021. John Keeble | Getty Images Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast
Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that
Share: EUR/USD was rejected around 1.0800 on Monday. Economists at ING analyze the pair’s outlook. Growth outlook not that relevant for the ECB We like the chances of a moderate uptick in the pair this week. One risk to this view is the ZEW survey published in Germany today. Consensus is aligned for a modest
USD The Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut. Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a rate cut in March is not their base
S&P 500 futures Of note, S&P 500 futures are now down some 17 points, or 0.3%, on the day. In turn, European indices are also dribbling lower with the DAX down 0.6% and CAC 40 down 0.3% currently. This looks to be traders taking in some caution as we move towards the US CPI data
Gold and silver contracts resumed trading on Tuesday after a four-hour delay amid a technical glitch that forced a shutdown of trade on the Multi Commodity Exchange (MCX). Bullion started on a positive note at 1 pm today with MCX April gold futures trading at Rs 62,270 per 10 grams at 1:30 pm, up nearly
New Zealand Dollar falls notably during Asian session, triggered by the latest survey from the RBNZ, which revealed a further easing in inflation expectations. The implications of these findings have prompted traders to pare back the bets on the likelihood of more monetary tightening imminent meeting February. Australian Dollar is also dragged down by the